79
79
Nov 27, 2012
11/12
by
CSPAN2
tv
eye 79
favorite 0
quote 0
everyone here agrees with very limited exception that we should extend tax rates, keep the tax rates the same for about 98% of the american people. there's broad agreement on that. now, some on the other side don't want to -- don't have to have a -- a conclusion to that because they -- they want to have a debate about what happens to the wealthiest among us, the very top income earners, roughly about 2% of income earners. but, look, we -- we have agreement on the other 98%. so what i would say is whatever it takes to give meaning or integrity to the vote we had here in the senate to -- to get an agreement here but also to encourage the house to vote to say, let's give middle-income families the certainty they deserve. let's just say that we're going to agree, democrats and republicans, that 98% of taxpayers across the country are going to have their tax rates continued. then we can have a big debate after that about what happens to the wealthiest among us. i think it makes sense, at a time of high deficits and a -- and a debt problem that -- that will confront us for years, that we h
everyone here agrees with very limited exception that we should extend tax rates, keep the tax rates the same for about 98% of the american people. there's broad agreement on that. now, some on the other side don't want to -- don't have to have a -- a conclusion to that because they -- they want to have a debate about what happens to the wealthiest among us, the very top income earners, roughly about 2% of income earners. but, look, we -- we have agreement on the other 98%. so what i would say...
283
283
Nov 28, 2012
11/12
by
CSPAN2
tv
eye 283
favorite 0
quote 0
as much as 40% no one wants to seem to pay taxes and legislate taxes, so that is. if somebody wants something they can purchase it or say to the federal ground and both we will get richer so it is an interesting parallel petraeus pnac there is a difference between alcohol and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same edition. what lessons can you draw? >> kuran absolutely right. it was an integral part of some one of the center for of millennia before prohibition. there are indigenous people in this country but it was not as antonette in the life and society also it was today than 50 years ago and there's a generational issue wow were people who grew up with the presence of marijuana whether the appreciated it or not was back in the 1950's. >> what's interesting about the drug law today is the seems to be released the criminal components leading some civil penalties in place maybe even giving away with those as well if the local level we still have the federal law would marijuana means a schedule on
as much as 40% no one wants to seem to pay taxes and legislate taxes, so that is. if somebody wants something they can purchase it or say to the federal ground and both we will get richer so it is an interesting parallel petraeus pnac there is a difference between alcohol and marijuana. one has a certain cultural tradition that transcends a generation. marijuana perhaps not the same edition. what lessons can you draw? >> kuran absolutely right. it was an integral part of some one of the...
238
238
Nov 28, 2012
11/12
by
CSPAN2
tv
eye 238
favorite 0
quote 0
and not a taxing problem. we've got to make significant changes in these programs to make our federal entitlements sustainable and in line with the day's demographics. and we need democrats to join us in that effort. just to put a fine point on all that, madam president, i want to just mention what the, again, the nonpartisan congressional budget office's report which was issued on november 12 of this year, just a couple of weeks ago said -- and i quote -- "with the population aging and health care costs per person likely to keep growing faster than the economy, the united states cannot sustain the federal spending programs that are now in place." that's from the congressional budget office. the president's own fiscal commission, the simpson-bowles commission noted in its official report, and i quote again, "federal health care spending represents our single largest fiscal challenge over the long run." earlier this month "the washington post" in its editorial board said, and i quote again, "entitlement reform
and not a taxing problem. we've got to make significant changes in these programs to make our federal entitlements sustainable and in line with the day's demographics. and we need democrats to join us in that effort. just to put a fine point on all that, madam president, i want to just mention what the, again, the nonpartisan congressional budget office's report which was issued on november 12 of this year, just a couple of weeks ago said -- and i quote -- "with the population aging and...
114
114
Nov 28, 2012
11/12
by
CSPAN2
tv
eye 114
favorite 0
quote 0
the idea was to cut taxes to raise revenue to going fund the great society programs. he went to the senate, which was oppose to the ultimately goal of, you know, significance civil rights legislation and convinced the dean of the senate, who was the budget chairman that he would commitment to a budget that was year to year a decrees. not like now where it's a decrease off the growth. they use a weird account thing in washington. a dollar for dollar reduction in the budget the first time, i think, in fifty years or that took place and he got that done. it required working, sending a limo secretly to the senate to bring the senator to, bird, i believe it was to the white house to come in and to be courted in effect and held up high and, you know, be beloved by the junior president of the united states, his junior when they were in the senate together and he got the most significant civil rights legislation passed in american history. all in six weeks. all because of leadership. all because he if not let go. it it required grabbing people by the shoulder and not letting
the idea was to cut taxes to raise revenue to going fund the great society programs. he went to the senate, which was oppose to the ultimately goal of, you know, significance civil rights legislation and convinced the dean of the senate, who was the budget chairman that he would commitment to a budget that was year to year a decrees. not like now where it's a decrease off the growth. they use a weird account thing in washington. a dollar for dollar reduction in the budget the first time, i...
89
89
Nov 27, 2012
11/12
by
CSPAN2
tv
eye 89
favorite 0
quote 0
by simply letting it expire, and then any tax changed to reduce taxes will be a tax cut. they will be glad to sign. all other superrich backers who are now going to face 55% estate tax on anything over $1 billion will be coming in, screaming over their shoulders, signed a got dam thing. and you know, we're not going to have $200 billion spending if after january 1 we signed a new tax bill the second or third. so the fact that obama's administration is willing to make it sound like he's averting a catastrophe over the full 2013 is an insult to people who actually understand what's going on. i hope that -- >> host: do you think, your call on the democratic line. do you think the president is not holding firm on democratic beliefs? >> caller: i really don't know what he's doing, but i just got yesterday it was, maybe the day before, ed rendell supposedly a liberal type of democrat is on one of these teams trying to figure out how to cut entitlements. this is a very simple equation. we have about $800 billion more than is necessary spending on health between the private and p
by simply letting it expire, and then any tax changed to reduce taxes will be a tax cut. they will be glad to sign. all other superrich backers who are now going to face 55% estate tax on anything over $1 billion will be coming in, screaming over their shoulders, signed a got dam thing. and you know, we're not going to have $200 billion spending if after january 1 we signed a new tax bill the second or third. so the fact that obama's administration is willing to make it sound like he's averting...
58
58
Nov 29, 2012
11/12
by
CSPAN2
tv
eye 58
favorite 0
quote 0
one is the concern of barry sudden drops in government expenditure and taxes on january 1 i could have a significant negative shock to the american and global economy. the other is the need for the united states to have a credible fiscal plan over the midterm to deal with what i think is a pretty serious long run fiscal situation. those issues often get mixed together. i would repeat what our finance minister said recently. i do think there solutions to the january 1 situation and a lot of common ground. i would think people would come to those solutions and not wait for a crisis. i hear some people talking about a budget accord. that kind of talk as lister you cannot, you go over a cliff, you cannot be sure what will happen next. with the collapse of lehman brothers, how icing major event can trigger a series of the event. i have every reason to believe these people will come to some kind of agreement on what to do. i also remain, notwithstanding all the difficulties the unit the -- the u.s. economy faces. i do not want to minimize them. this is still at its heart the most entrepreneu
one is the concern of barry sudden drops in government expenditure and taxes on january 1 i could have a significant negative shock to the american and global economy. the other is the need for the united states to have a credible fiscal plan over the midterm to deal with what i think is a pretty serious long run fiscal situation. those issues often get mixed together. i would repeat what our finance minister said recently. i do think there solutions to the january 1 situation and a lot of...
97
97
Nov 28, 2012
11/12
by
CSPAN2
tv
eye 97
favorite 0
quote 0
their fair share of taxes. we're losing $100 billion a year because corporations and the wealthy are stark their money in the cayman -- are stashing their money in the cayman islands and other havens. defense spending tripled since 1997. we're now spending almost as much as the rest of the world combined. let's take a serious look at defense spending. madam president, you do that, and you make some efficiencies in medicare and medicaid. make them more efficient. not cut benefits. you can move towards serious deficit reduction without cutting social security, without cutting medicare, without cutting medicaid. we just had an election a few years ago -- a few weeks ago. november 6. and what the american people, ii think, said is the time is now for the wealthy to start paying their fair share of taxes. we have seen poll after poll after poll including from some very conservative people who are saying do not cut social security, medicare and medicaid. i think it is time for the united states senate and the congres
their fair share of taxes. we're losing $100 billion a year because corporations and the wealthy are stark their money in the cayman -- are stashing their money in the cayman islands and other havens. defense spending tripled since 1997. we're now spending almost as much as the rest of the world combined. let's take a serious look at defense spending. madam president, you do that, and you make some efficiencies in medicare and medicaid. make them more efficient. not cut benefits. you can move...
100
100
Nov 27, 2012
11/12
by
CSPAN2
tv
eye 100
favorite 0
quote 0
we have a very difficult bankruptcy tax case. nobody can say, well, you're a liberal if you want to allow the deduction by the estates which are conservative if you require the debtor, and just does not make sense. on ones more access l to the public regimely, it's hard to pick categories. there was a case involving a question of whether or not certain discrimination laws should be applied to religious institutions so you could challenge the hiring or firing of a minister on the grounds it was discriminatory. what's the liberal position in that? the view you should extend crimination laws or protect the free exercise of the religion to the greatest extent possible? we look at the cases and resolve them to our best view of the law, not in terms of a particular liberal or conservative political agenda. there's ways of characterizes this that makes sense in terms of the work we do. some of the colleagues refer to it here strictly to the text of the stay chute. others of the colleagues like to look expansively to what we call the leg
we have a very difficult bankruptcy tax case. nobody can say, well, you're a liberal if you want to allow the deduction by the estates which are conservative if you require the debtor, and just does not make sense. on ones more access l to the public regimely, it's hard to pick categories. there was a case involving a question of whether or not certain discrimination laws should be applied to religious institutions so you could challenge the hiring or firing of a minister on the grounds it was...
109
109
Nov 27, 2012
11/12
by
CSPAN2
tv
eye 109
favorite 0
quote 0
here in texas if the federal court says you can deduct a expense and tax returns but in new york face a that you can the answer has to be the same. we're the only court to make it the same. matter how picayune bordeaux the question that is the case we take. is not our job to correct errors. we get 9,000 petitions per year we don't look it each one to determine if it is right or wrong but to provide uniformity. where it active congress has been declared unconstitutional we will often take that. congress should hear it from us. not always but it is not the amount of money but schoolchildren come by and that is horribly wrong. should you take it? no. the less likely other courts will follow and less need for us to fix it. dealing with constitutionality and backs of congress and uniformity of loss. >> the next question is in two parts the executive and legislative branches are political and public but the support is not a do talk about how would this nonpolitical is the public institution in any respect with televised arguments it is a less transparent political institution why do see tha
here in texas if the federal court says you can deduct a expense and tax returns but in new york face a that you can the answer has to be the same. we're the only court to make it the same. matter how picayune bordeaux the question that is the case we take. is not our job to correct errors. we get 9,000 petitions per year we don't look it each one to determine if it is right or wrong but to provide uniformity. where it active congress has been declared unconstitutional we will often take that....
64
64
Nov 29, 2012
11/12
by
CSPAN2
tv
eye 64
favorite 0
quote 0
like the earned income tax credit. and you were talking about not only a lot of retirees, you're talking about the entire enlisted corp, the united states military and it was an awful statement. and i think he paid a tremendous price for it. it just as you conceive of a presidential campaign you don't want to push people out in a way. it's not a zero sum game where in order to get 50 plus 1 we're going to stigmatize 47%. politics is a game of addition. this is what david and the obama campaign understood so brilliantly is how do we assemble a coalition of voters to get a majority of the vote? and i do think if you look at that coalition that's been assembled i suspect it will be enduring for some time in the way the reagan coalition was and the obama coalition will be. but it was a bad moment for the romney campaign in this election. >> david mentioned in his opening remarks 47%. it was co-incidentle i think that president obama last 47% and you said that the 47% mr. romney was refering to was republicans. that was coi
like the earned income tax credit. and you were talking about not only a lot of retirees, you're talking about the entire enlisted corp, the united states military and it was an awful statement. and i think he paid a tremendous price for it. it just as you conceive of a presidential campaign you don't want to push people out in a way. it's not a zero sum game where in order to get 50 plus 1 we're going to stigmatize 47%. politics is a game of addition. this is what david and the obama campaign...
46
46
Nov 29, 2012
11/12
by
CSPAN2
tv
eye 46
favorite 0
quote 0
moreover, as part of the middle-class tax relief act of 2012, congress expanded the scope of funding from the relocation fund to include the costs of planning for relocation. i am confident that the pentagon and the larger federal government can more efficiently manage its spectrum holdings and make available additional spectrum to create jobs. i hope we can work this out and have it included as part of the defense authorization bill. i certainly believe it's an amendment that's important with regard to the issue that i mentioned and that is the reallocation, relocation of spectrum in this country to allow for multiple uses, obviously important private and commercial uses out there and enormous demand, that demand is is adding significantly to our economy and creating jobs for literally thousands and millions of americans. madam president, with that i yield the floor. the presiding officer: the clerk will call the roll. the presiding officer: the clerk will call the roll. quorum call: the presiding officer: the senator from michigan. mr. levin: i ask further proceedings on the quorum
moreover, as part of the middle-class tax relief act of 2012, congress expanded the scope of funding from the relocation fund to include the costs of planning for relocation. i am confident that the pentagon and the larger federal government can more efficiently manage its spectrum holdings and make available additional spectrum to create jobs. i hope we can work this out and have it included as part of the defense authorization bill. i certainly believe it's an amendment that's important with...